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Esports is big, and it’s getting bigger. According to newzoo, 2017 revenues reached $696 million
and should grow to $1.5 billion by 2020 as brand investment doubles.
As this new form of sporting competition gets more popular, a once
virtually held and participated-in competition is starting to change the
built environment with the demand for esports arenas and facilities.

What is Esports?

Also
known as e-sports or electronic sports, esports generally refers to
organized video game competitions. These competitions tend to involve
matches between two teams. Each team consists of several professional
players. The games in which these teams and players participate tend to
require multiple players per team in games such as CS:GO, League of
Legends, Dota 2, or several other popular titles.

Athletes
and teams in traditional sports are watched and celebrated by millions
of people for their skills and achievements. Esports athletes and teams
are no different. With the rise of viewing platforms like Youtube and
Twitch, esports and gaming fans have been able to consume the content
that they desire. By 2019, over 427 million people will view esports events
in some manner. Further entrenching esports into the cultural
landscape, the market for wagering upon esports has also exploded with
over US$23 billion expected to be wagered on esports by 2022. Consumers
are able to do this by accessing licensed, regulated and reputable esports betting sites.

In 2013, Toronto City Council voted overwhelmingly against the proposal for the development of a downtown casino
development by 40 to 4. Early in the process, the figurative betting
odds on approval of the proposal would have been close to even money.
The once embattled Toronto mayor Rob Ford and a several city councilors
were early proponents of the development due to the belief that the
proposal could create 10,000 new jobs and provide the city with annual
hosting fees of $100 million. However, in the end the revenues fell
short of those that were initially promised by the province by about
half. But this wasn’t the only reason the proposal failed, a downtown
location for the casino was highly unpopular among city residents. As
casino development dithers, off-shore online casinos and betting sites
that serve Canadian customers have been the beneficiaries of this
political back and forth continued.